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  1. Piraeus Bank posts net loss of 80 mln in Q1
    Image via www.piraeusbank.gr

    EconomyBanking

    fall year-on-year (YoY). Asset quality Pre-write off non-performing exposure (NPE) formation fell... to 242 million versus 260 million for the same quarter last year, down by 7 percent. The cost-to-income... year-on-year. Domestic customer deposits edged up by around 500 million QoQ to 41.4 billion

    1%

  2. Eurobank net profits at 34.5 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    a year-on-year (YoY) decline of 5.5 percent versus net profits of 36.5 million euros in Q1 2017..., an annual increase of 69.2 percent compared to the figure from a year ago (33.8 million...). The target for NPE stock across the rest of the year is for the total to stand at 15.6 billion

    1%

  3. Retail sales up by 1.2 pct in March on higher activity in dept stores, clothing

    EconomyMacroeconomy

    percent year-on-year in February, according to data published by the Hellenic Statistical Authority..., the largest year-on-year turnover sales were recorded in department stores and clothing and footwear... the end of last year. Retail trade confidence dropped by four points to 6.2 following a strong rise

    1%

  4. Growth, not just of the economic variety
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    -expected growth last year (1.4 percent), many in Greece were bracing for inauspicious figures... percent quarter on quarter and 2.3 percent year on year. This was the highest growth on an annual basis that Greece has seen since Q1 in 2008. This year’s Q1 also marked the fifth consecutive quarter

    1%

  5. Turnover in tourism grows by 10.9 pct in Q1
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    . The figures for 2017 put the increase for the year at 10 percent, marking the first year of continuous positive quarterly growth since 2014. The figure for the same quarter last year showed a decline... an encouraging picture for the rest of the year and corroborate with tourism figures recently released

    1%

  6. Unemployment rate stable at 21.2 pct in Q1
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    ) of the year, remaining unchanged from Q4, Hellenic Statistical Authority (ELSTAT) figures showed... for four consecutive quarters now. Compared to the same period last year, the jobless rate has... over the line again. The largest increase in employment in Q1 compared to the same period last year

    1%

  7. Economic sentiment reaches 105.3 in July, highest since June 2014
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    for all months in the year so far apart from March, when the figure dipped to 99.8. Compared to July 2017... Year-on-year, consumer confidence has improved by 11.6 points and by 0.4 points since the start of the year. Month-on-month improvements were noted in most of the remaining underlying indicators

    1%

  8. Budget surplus beats July target on lower investment spending as tax refunds fall short
    Photo by MacroPolis

    EconomyMacroeconomy

    Ministry (MoF) on Tuesday. Last year’s figure for the same period was 3.02 billion. The primary surplus up..., above target by 354 million euros. The budget balance up to July this year recorded a deficit of 1.56...) earlier in the year. For the same period last year, the deficit came to 1.35 billion. Revenues

    1%

  9. Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
    Photo by MacroPolis

    EconomyBanking

    in Q1. On an aggregate basis, in the first half (H1) of the year, net profits came to 35.7 million... million compared to 71.1 million a year ago. Core pre-provision profit (PPI) rose by 6.3 percent QoQ to 212.6 million euros. In the first six months of the year, core PPI increased by 1.3 percent to 412.6

    1%

  10. Retail turnover in June grows strongly led by fuel and supermarket sales
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    has remained positive for five months in the first half of the year with February the only negative... down 4.2 percent growth in May. As with the sales index, February has been the only month this year that volume fell into negative territory. Compared to June last year, the main rises in turnover were

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